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Home Buying in Rocky Point : Real Estate Advice

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  • Home Buying7
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Activity 17
Wed Mar 23, 2016
Kathy Burgreen answered:
Co-op rules and policies are for residents only. Realtors can only access the rules if they have an active listing with an owner. Property management companies do have the rules but they are not allowed to give it to strangers.

Therefore, you need to speak with a resident in the complex or building and find out about the pets policy.
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Sun Jul 26, 2015
Christopher Fritts answered:
I would suggest that you contact a local real estate professional who can help you with this assessment.
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Mon Feb 9, 2015
Nicholas Campasano answered:
I am sorry you had this experience. I realize this is an old thread but figured I would answer anyway in case new buyers are reading. Many buyers may want to be at the inspection however it is not imperative. I have had some buyers who really wanted to be there and some who had no desire to go. Most agents will attend the inspection for the buyer whether the buyer attends or not. If anyone has any questions about the home buying process please do not hesitate to contact me.


Nicholas Campasano
Century 21 AA
Cell: 631-848-6515
Email: NickC@Century21aa.com
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Sat Feb 7, 2015
dploves2sellhomes answered:
It should not be tricky to get homeowner's insurance, but it may be challenging to sometimes find an insurance company that will write a policy. A client of mine recently purchased a home just under a mile from the water. Flood insurance was not needed but wind damage insurance was. One company would not write the policy at all and another company wrote the policy and did not require wind damage coverage. The best thing is to get a few estimates then compare them. Once you have had the policy for a year or so, check back with other companies to see if there are better premiums available. ... more
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Wed Dec 10, 2014
dploves2sellhomes answered:
I wouldn't say it's a definite "no, no", but I feel it is personal preference. If you are concerned about high tension wires, I would do some research. If it's a home that you really love and can afford, that's something to take into consideration, too. No one knows what the market values will be years from now. For example, if you are selling a home near high tension wires and the home is one of VERY FEW for sale in the area, that is going to affect the price of your home. (Supply & Demand) There are many factors that going into a home's value. ... more
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Wed Aug 6, 2014
Lisa Molinelli answered:
Rocky Point Gardens have a minimum credit score and income needed in order to apply. They also have restrictions such as no pets and no work-type trucks.

I am a local agent for the area. Please feel free to comtact me should you be looking in this development, or others nearby. ... more
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Sun Jul 13, 2014
Irenevertullo23 asked:
for at least 1 1/2 years however the Co-op Board Mamagement Company will not accept the offers we have or had and they actually are priced to market. They will not let her sell less then…
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Sat Jan 28, 2012
Dorit & Joel Cooper answered:
In Los angeles the home inspectors my clients hire are licensed and insured. The inspectors have the buyers sign a specific contract that spells out how disputes would be resolved should something arise. ... more
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Thu Jan 26, 2012
Jaishree..Jane Zilpelwar answered:
Hi Rob,

Today the bank's have few programs, do the loan modification, refinance, Harp, please check with your bank, and see if you can qualify under any program. If nothing else, the last resort will be doing the short sale. Please feel free to call for any questions on short sale, I will be glad to answer and help you. Good Luck ... more
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Wed Jan 25, 2012
Anna M Brocco answered:
Keep in mind that a seller's concession needs to be agreed upon before entering into a contract, therefore not sure any conflicts exist; also keep in mind that your lender will be the one conducting the appraisal; for any necessary legal advice do consult with your attirney. ... more
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Mon Jul 25, 2011
Mike Linkenauger answered:
Hi there! A good rule of thumb is that a short sale is NOT for those who WANT to sell, but only for those that HAVE to sell. If you are not in a financial hardship, you likely will not qualify. If you can no longer afford the payment, then you likely WILL quality. Be careful trusting your financial future to an agent claiming to be an "expert" after taking a weekend training class! We've literally closed hundred in the area. Let us know if you have any questions about the process. You'll also find my main sites the #1 resource for short sale information on the web - ... more
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Sat Nov 28, 2009
Sean Dawes answered:
Alan brings up a good point Barabara. Although it wouldnt bother me, it is grounds for you to back out of the deal and potentially get your money paid for inspection etc. back. Granted you would need an attorney to pursue that, you are at least entitled to your deposit money back.

Consult your real estate agent and or attorney if this is the route you want to go.



Sean Dawes
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Sun Oct 18, 2009
Gail Gladstone answered:
Who is the Realtor representing your interests? Have you purchased directly through the seller's Realtor?

Your Realtor can be there to represent you and relay the findings to you. If you do not have anyone to represent you and the schedule does not interfere with mine, I will go there as your representative...as a service.

If you hire a dependable inspector, they can do the job and report to you; it is not necessary for you to be there. If you do not have anyone you can depend upon, I will to provide referrals for you.

The listing agent understandably wants the inspection as quickly as possible; if for any reason you are not willing to go forward with the deal, they need to accommodate the next in line.
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Mon May 18, 2009
Jaishree..Jane Zilpelwar answered:
It's not very common, if your seller is paying your closing cost, it means the seller is motivated.
Seller's concession means the buyer borrows the closing cost from the bank with the mortgage. Suppose the price is agreed $300,000 (which is net to seller), now the buyer needs closing cost apporx 5% ($300,000 x5%= $15,000) the contract will be written for $315,000 and house has to appraise for $315,000.
Whenever there is a seller's concession the seller atty would advise to get the Pre-Appraisal done to make sure the appaise value of the house sooner.
Good Luck...
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Sat Sep 13, 2008
Thomas McGiveron answered:
Barbara,

did your son sign the contract?

again - why did you need to know the square footage?
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Wed Jul 9, 2008
NonRealtor answered:
This will probably cause problems in the future. Too many variables. Sounds like a bad situation in the making.
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Sat Feb 2, 2008
Gail Gladstone answered:
That's something you will find out by experience. Folks have been told for years that having a bankruptcy would not hurt them and then found out it was on their history for seven years or more (depending upon the type) and it did hurt them.

I cannot believe it will be good, but it is sometimes necessary.
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